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Real Estate & Property Law

: Housing Wire

Turning to Tenants to Mitigate Foreclosure Losses

By DIANA GOLOBAY

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(Update 1 clarifies a statement by Paul Hayman.) Government-sponsored entity Fannie Mae (FNM: 0.63 -5.97%) announced last week a rental policy it would implement for some renters living in foreclosed, Fannie-owned homes. It said it would set up property managers and brokers to collect rent on Fannie’s behalf from tenants that sign month-to-month lease contracts on [...]

Full post as published by Housing Wire on January 20, 2009 (boomark / email).

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